PayPal (NASDAQ:PYPL) Trading Down 0.2% - Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares were down 0.2% during trading on Monday . The company traded as low as $81.79 and last traded at $83.23. Approximately 2,214,639 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 6,696,729 shares. The stock had previously closed at $83.36.

Analysts Set New Price Targets

PYPL has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price objective on PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Susquehanna upped their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research report on Monday, January 6th. Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. BMO Capital Markets lifted their target price on shares of PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Finally, Phillip Securities reiterated an "accumulate" rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $88.65.

PayPal Price Performance

The company has a market capitalization of $84.20 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm's 50 day simple moving average is $86.75 and its 200 day simple moving average is $76.10.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Hedge Funds Weigh In On PayPal

Hedge funds have recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal in the third quarter valued at approximately $26,000. Sugarloaf Wealth Management LLC raised its position in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp lifted its holdings in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after buying an additional 268 shares during the period. Financial Management Professionals Inc. grew its position in shares of PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after buying an additional 243 shares in the last quarter. Finally, Modus Advisors LLC purchased a new position in shares of PayPal during the fourth quarter valued at $37,000. 68.32% of the stock is currently owned by institutional investors.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.